Wynn Resorts, Limited (NASDAQ:WYNN) announced a quarterly dividend on Monday, January 22nd, RTT News reports. Investors of record on Thursday, February 15th will be given a dividend of 0.50 per share by the casino operator on Tuesday, February 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.11%.
Wynn Resorts (NASDAQ WYNN) traded up $4.16 on Monday, hitting $179.64. 1,840,700 shares of the company were exchanged, compared to its average volume of 2,460,092. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72. The company has a market capitalization of $19,240.00, a P/E ratio of 49.76 and a beta of 1.73. Wynn Resorts has a twelve month low of $90.78 and a twelve month high of $179.86.
Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.24. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. Wynn Resorts’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. equities analysts anticipate that Wynn Resorts will post 5.38 earnings per share for the current fiscal year.
In other news, President Matt Maddox sold 59,260 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $155.12, for a total value of $9,192,411.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the transaction, the director now owns 19,162 shares of the company’s stock, valued at approximately $2,907,641.88. The disclosure for this sale can be found here. Insiders sold 95,055 shares of company stock valued at $14,629,975 in the last quarter. Corporate insiders own 13.20% of the company’s stock.
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About Wynn Resorts
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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